Renaissance Technologies LLC, commonly known as RenTech, is an American hedge fund located in East Setauket, New York, on Long Island. The firm specializes in systematic trading utilizing quantitative models based on mathematical and statistical analysis.
Jim Simons was an American hedge fund manager, investor, mathematician, and philanthropist. At the time of his death, his net worth was estimated at $31.4 billion, making him the 51st-richest person in the world. Simons founded Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York, known for using mathematical models and algorithms to exploit market inefficiencies. His long-term aggregate investment returns, particularly through Renaissance's Medallion Fund, earned him the title of "the greatest investor on Wall Street" and "the most successful hedge fund manager of all time." Simons received a bachelor's degree in mathematics from MIT in 1958 and a PhD in mathematics from UC Berkeley under the supervision of Bertram Kostant in 1961 at the age of 23.
Peter Fitzhugh Brown is the CEO of Renaissance Technologies. He is the son of Henry B. R. Brown, the inventor of the world's first money market fund, the Reserve Fund. Peter Brown earned a B.A. in mathematics from Harvard University and later obtained a Ph.D. in computer science from Carnegie Mellon University under the mentorship of Geoffrey Hinton. On May 23, 1992, he married Margaret Hamburg, who later served as the head of the FDA during the Obama Administration.
Renaissance Technologies manages discretionary assets totaling $89,259,682,162, according to their Form ADV from March 2024. Serving 14 clients, their latest 13F filing for Q1 2024 reported $63,623,687,000 in managed 13F securities, with a top 10 holdings concentration of 11.59%. The firm's largest holding is 10,786,074 shares in Novo-Nordisk A/S ADS.
| Fund Name: | Renaissance Technologies |
| Manager | Jim Simons And Peter Brown |
| Portfolio Value | $63,623,687,000 |
| Change This QTR | +0.98% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | NVO | 10,786,074 | $1,384,932,000 | -23% | 2.17% | ||
| 2. | PLTR | 47,355,217 | $1,089,644,000 | +9% | 1.71% | ||
| 3. | META | 1,570,517 | $762,612,000 | -26% | 1.19% | ||
| 4. | ABNB | 4,423,465 | $729,695,000 | +3% | 1.14% | ||
| 5. | AMZN | 3,750,038 | $676,432,000 | -13% | 1.06% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2024-02-13 | ||||
| 2024-02-13 | ||||
| 2024-02-13 | ||||
| 2024-02-13 | ||||
| 2024-02-13 |
